According to the Fresno Bee, foreclosure activity in Fresno County, Calif., dropped to its lowest level since 2005. The paper attributes the drop to effective foreclosure-prevention programs. Here's more:
Last month, 480 households in Fresno County received a foreclosure notice or was returned to the bank, according to RealtyTrac, a foreclosure listing service. One in every 653 homes was in the foreclosure process.
"That's all good news," said John Shore, executive director of the Community Housing Council, a Fresno nonprofit housing counseling agency. "We knew things would come back — we just didn't know when or how soon."